Rupee falls over 10% against Pakistani currency in a year
pre-market1 source ↓written by the desknot a recommendation
- against the Pakistani
- 11.86%
- dropping
- 3.2913
- PKR
- 2.9010
- per dollar
- ₹96.96
The Indian rupee has depreciated 11.86% against the Pakistani rupee over the past year, dropping from 3.2913 to 2.9010 PKR. This decline reflects broader economic pressures, including rising oil prices and weak foreign inflows. The rupee also hit a record low of ₹96.96 per dollar, exacerbating concerns for traders.
• Oil prices and global uncertainty are key factors.
• The rupee's decline may impact import costs and inflation.
Traders should monitor these developments closely as they could influence market sentiment.
Not investment advice. For informational purposes only.